Do take note I have heard cases of scam although very rare - took your car, pay you a few hundred for the body, tell you LTA will send you a cheque for the rest. Then it didn't happen LOL. It's really deep sheet.
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Yes there are lot of scammers.
The key point is not to sign any transfer form (M01) if the dealer is not buying over the car.
Else owner can kiss good bye to their Parf le.
Key point, dont sign blindly.
So when I found EC scrap, I am so relieved cos FULL amount upfront in CASH. No need to wait for LTA. Heck care what happen to my car, cash in my pocket nothing can go wrong.
Sent from Xiaomi MI MAX 2 using GAGT
Actually quite alot of dealer doing this based on my friend's experience then.
He said lot can be found on Carousell, go ask for the best quota.
Do take note of 1 of a dealer's trick.
For eg;
They may offer you $500 for your car but when they, they will said your condition is not up to their standard and start to neg downward.
So good to ask if they want to view car first to play safe to be shortchange.